Elon Musk is the world's richest person again

Elon Musk is the richest idiosyncratic successful the satellite again, according to Bloomberg Billionaires Index's updated figures Thursday.

The Tesla CEO saw his wealthiness leap 40.3% this twelvemonth to $192 billion, aft shares of the electrical car shaper roseate astir 24% successful May, according to Eikon data. Musk owns astir 13% of Tesla, according to FactSet data.

Musk was knocked retired of archetypal spot by LVMH CEO Bernard Arnault successful December, aft shares of Tesla fell aft his $44 cardinal acquisition of Twitter. Most of Musk's wealthiness is tied to Tesla's stock.

He is besides the CEO of rocket shaper SpaceX and owns societal media institution Twitter.

Musk near Shanghai connected Thursday, after a high-profile two-day visit. While successful China, he met with overseas curate Qin Gang and different Chinese officials. The visit, which comes amid simmering U.S.-China tensions, was a motion China is an important marketplace to Tesla, analysts person said.

During the visit, Qin sought to guarantee Musk that China is unfastened to overseas businesses and would proceed to connection a affable concern situation to them. Musk besides reportedly signaled further enlargement successful China.

How Tesla's banal performed

Shares of Tesla closed 1.38% higher connected Wednesday astatine $203.93.

Tesla's banal deed a two-year debased successful November erstwhile its stock terms dropped to $167.87, the lowest since November 2020. It was successful portion owed to a sell-off that accelerated successful the aftermath of Musk's takeover of Twitter.

LVMH's Arnault present trails down Musk arsenic the world's 2nd richest antheral astatine $187 billion, followed by Jeff Bezos, the billionaire laminitis of Amazon, according to Bloomberg data.